Realtime Strategy Monitoring

Discussion in 'Strategy Building' started by ssternlight, Oct 29, 2002.

  1. ssternlight

    ssternlight

    Hi,

    I use WLD/IB to manage swing trades but it's not there yet for intraday monitoring of a basket of stocks.

    I understand -- but haven't tried -- Tradestation can do this in realtime. Anyone care to comment on it's capabilites, cost/benefit, etc...?

    Also, does anyone know of any other backtesting software that would be in the WLD league for backtesting that also does realtime monitoring and strategy evaluation for a basket of stocks? I have seen smartquant but it's a bit too steep a learning curve for me right now.

    Thanks,

    Sam
     
    #1     Oct 29, 2002
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  2. Volker Knapp

    Volker Knapp

    Hi Sam.

    Did you this to our feature request list? As you know we are working on the new version 3. I think it will have something similar included. We are open for suggestions here.

    Regards.
     
    #2     Nov 13, 2002
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  3. EliteThink

    EliteThink

    As far as stocks, TS will trade in real time now. It is also compatible with other brokerages such as efloortrade.
     
    #3     Nov 13, 2002
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  4. Lightningsmurf

    Lightningsmurf

    TS6 can auto-trade your individual equities, but can't (to the best of my knowledge) test or auto-execute baskets of stocks.
     
    #4     Nov 13, 2002
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  5. ssternlight

    ssternlight

    Volcker,

    I have been testing Bracket Trader (quite good at what it does) and now Dynaorder has a module that links WLD and IB. So, I will write something up for comment on the website in a day or two as I get a better feel for these products.

    I have to say that the daytrader battle is - to my mind -- becoming increasingly more computer aided/sophisticated. Real time scans, OCA orders with trailing stops, etc... has created a more level playing field for the retail trader but also made it extremely difficult to get along without these tools -- feel free to disagree anyone. :)

    Offhand, I would say that WLD could successfully add two seperate types of features:

    1) A bracket trader type of order management approach for intraday trading backed by a chartscript based monitoring and realtime scanning capability for both individual and baskets of stocks.

    2) A dynaorder approach for swing trading (and intraday position optimiziation) that monitors the "alert" basket in realtime. This could be hundreds of stocks of course.

    I think Dion, himself, discussed the possibility of a separate real-time module and much as I hate to say it - that idea may ulitmately have some merit to it.

    Anyway, I'll post my thoughts over there when I finally get them together.
     
    #5     Nov 13, 2002
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